Institutions have increased their portfolio concentration in bitcoin and ether to 80%, with a significant bet on ether due to the anticipated Dencun upgrade, according to Bybit’s report, which surveyed traders with assets in the exchange. Meanwhile, retail users have a lower concentration in these assets and a higher tilt towards altcoins, the report added.
Source: https://www.coindesk.com/markets/2024/02/26/ether-is-now-the-largest-institutional-crypto-asset-bybit-research/?utm_medium=referral&utm_source=rss&utm_campaign=headlines